Financial Education In Nigeria

In the world today, many young adults have debts before they reach 21. Children need to be educated about money and smart financial planning. The field of finance deals with concepts of time, money, risk and how they are interrelated. It also deals with how money is spent and budgeted. If the Education in Nigeria can focus more on this area of finance, the foundation of a strong and secure future of children would be built before they grow into adults.

Financial education, empowering individuals with valuable knowledge to take control of their finances and make informed decisions is recognised by many employers including those with businesses advertised in the Nigerian Financial Directory as the key to improving productivity and well-being. The level of financial capability changes peoples lives by increasing psychological well-being, life satisfaction and reducing anxiety and depression.

Make a list of essential financial facts that children need to know. This list can comprise of How to save, how to keep track of money and how to spend. The list should cover the common rules that will introduce the children to the world of finance. This structure should be according to the various ages of children. It is very significant that children understand that buying affects personal finance. From the Education in Nigeria perspective, if these basics are taught, children grow up being able to spend wisely, save up a lot of money which they can use to even start up a small business depending how long they have been saving. They can also be taught to understand how long it will take to buy something they really want. Teaching children about savings allows them to correlate work with prices, and begin to understand, in a deeper sense, the value of items and purchases and also wants versus needs.

Another aspect of financial education is teaching children the importance of charitable giving. Children are naturally receptive to sharing and they need to be taught that money can be used for more than just toys and savings. With this in mind, children grow up to associate money with not only good for themselves but good for others as well. Some companies found in the Nigeria Financial Directory have Corporate Social Responsibility (CSR) which is the continuing commitment by businesses to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. When children donate to deprived children, they need to be taught to understand that their monies went into buying better computers for their fellow school mates or even helping to feed the poor in the society.

Benefits of distance education

The most modernized way of doing higher education is to study online. The distance education had become popular; a huge number of students are going for it. Many universities and colleges offer a complete college degree through distance education.

Now a day’s education has become important to get a good and respectable job. The certificate is the first thing you need to present while applying for a job. The distance education had made education possible for those who don’t have time to spent time on doing regular courses. It gives you the chance to study further and to build up your career. Below are given some benefits of distance learning that will help you to decide to go for it.

Distance education not only saves money but also time that you spend in transportation. Extra expenditures that we usually do in canteen and while traveling are cut off. This education gives us the chance to study at low cost at the place of our desire.

Distance education can be done from anywhere. You can study online in Nigeria, you can do your UK MBA online or any study in any learning institute in any country through online. It saves you from the long procedures of getting student visa to go for studying abroad.

Distance education gives modern study materials to the students. Always new study materials and courses are available online.

Distance educations are offered online so students are flexible to study from anywhere. Students are not bound to follow a fixed routine of going to an institution. They have the freedom to choose a place of their convenience. The only thing they require to study is an internet connection.

Distance education gives you a chance to maintain you work and family responsibilities along with the education. But sincerity and dedication is required to do distance education.

Distance education also gives a chance to study higher to an injured, handicapped and elderly person.

Distance education offers student an array of courses. So one can easily choose a course which can help him to build up his career.

Distance education offers students the flexibility to study from their own place. Students can do their higher education as well as fulfill their personal needs. It gives the facility to study almost from anywhere.

Distance education gives enough study materials to their students. The students can clear their doubts and can collect their study materials through internet. Online education course have bulletin boards and chat rooms.

Distance education students can save their time by skipping the topics they know and can spend that time by giving more emphasis on the topics they have doubts.

Distance education is a legal and valued way of education. Even educational leaders had agreed that distance education is much better than usual education.

Many people had reached their dreams by studying online. To Study online in Nigeria and doing UK MBA through online are in the top of the list. So without wasting time say yes to distance education.

Payday Loans - Know Your Legal Rights

Payday loans are very popular these days. It helps a person to meet his immediate financial requirements. But one should not accept a payday loan until and unless he gets a clear understanding of his legal rights. By understanding the legal rights regarding payday loans borrowers would be able to protect themselves. It would also help him to deal with the establishments which are legitimate.

The federal and state regulations for the payday loans are very strict. But there are some payday loan establishments which participate in illegal or shady lending practices. To avoid any pitfall, one should educate himself and make the best decision.

Some facts that a borrower should know when he accepts a payday loan.

• The borrower should know the laws of the state regarding maximum cash advance that he can take from payday loans. If someone knows maximum amount that the state permits from payday loans then he would be able to plan the things accordingly.

• The cost associated with payday loans and cash advances vary widely from one company to the other.

One should take clear explanation from the company before he accepts the payday loans. Fees for the loan should be mentioned in the contract to avoid any pitfalls later.

• Timetables and payment plan list should be provided by the company during the process of application. With this information, one would be able to get clear picture of total cost that he would have to pay for the contract with the lender.

• Before accepting a loan, a person should also have a clear understanding of the nonpayment ramifications. One should know the legal steps that the lending company can take if someone fails to repay the loan in time.

• When a person enters a deal with a payday loan provider, then he should also check his rights for the cancellation of the loan.

The laws can vary from one state to other and so a person should check the laws of his state. By knowing the laws of the state, one would be able to make an informed decision.

• It is advised that one should to avoid the payday contracts which he/she cannot understand clearly. Without clear understanding of terms and conditions one might face consequences later. The legitimate companies provide clear details of terms and conditions on the website of the company or brochures. One can check these details to understand the terms clearly.

• Always prefer the companies which are linked with Better Business Bureau. They provide excellent service to the customers. One can get the best deal by selecting a company that has this affiliation.

• One should always contact the lender immediately in case he fails to repay the loan in the time period he has agreed. This will help him to be saved from harassment.

With clear understanding of payday loans and legal rights, a borrower can manage the payday loans in a much easier manner.

Legal Internships - Top 10 Mistakes Made By Legal Interns

There is no dearth of people trying their hardest to get into law colleges and the bigger ones at that in a desperate attempt to fast track their careers in law. It is true that getting in at a bigger law college will obviously be more beneficial in the long run, not only for the name that the college possesses but also for the fact that a bigger college will attract the bigger names when it comes to placement.

A very common concept of law colleges is to make students apply for legal internships. The procedure is simple. You fill in an application, you are interviewed and if you are chosen, you intern. Now the thing about legal internships is that they are all about getting a taste of the legal industry and what it expects from you. It is all the same whether it is a corporate legal internship or anything else. The important thing is once you are in you should not make mistakes at the workplaces. Some mistakes can ruin your chances of taking advantage of the internship altogether. Here are the top ten mistakes that legal interns make.

1. Getting into the wrong firm: There are those who do their internships from any firm that will have them. This can be a big problem for them as they must spend time understanding the requirements of each firm and the job profile of the position of intern as they may differ from firm to firm.

2. Inefficiency: Once most interns get an internship they dont generally work hard enough. Those who do get fantastic letters of recommendation from the firm and those who dont get anything.

3. Lack of Persistence: Legal aid internships are all about patience and persistence. Some people just give up on a job half way and say its impossible. Such attitude will either not get you an internship or it will just cause you to lose out to others who are persistent.

4. Ego: You must keep your ego in your pocket and work well and listen to orders if you must succeed at a firm.

5. Letting go of chances abroad: legal internships abroad are something you must never let go off unless you have no choice. They are paid legal internships and augur better for your resume.

6. Working and Neglecting education: You are nowhere without good grades. You cannot let one suffer to care for the other. It is essential that you keep your scores high.

7. Not socializing: Law is as much about contacts as it is about skill. If you do not socialize in the social circle of the firm you work for, you stand to lose out on a lot.

8. Overworking: Dont burn yourself out. Work hard but dont go over the top to impress anyone. It may backfire.

9. Preferring Money over experience: Many of the better companies will hardly pay you high but offer you better experience instead. We should prefer them to higher wage, low on reputation firms.

10. Not keeping in touch with bosses after internship period: It is highly essential you do.